Professional
Added to YB: 2026-05-15
Pitch date: 2026-04-14
HAL.AS [neutral]
HAL Trust
-3.66%
current return
Author Info
No bio for this author
Company Info
HAL Trust, together with its subsidiaries, operates through multi-sectors in Europe, the United States, Canada, Asia, and internationally.
Market Cap
EUR 15.2B
Pitch Price
EUR 174.80
Price Target
255.00 (+51%)
Dividend
2.08%
EV/EBITDA
5.40
P/E
9.52
EV/Sales
1.30
Sector
Financial Services
Category
value
East 72 Dynasty Trust Portfolio Holding: HAL Trust
HAL.AS (holding update): At 31-Mar-26, disclosed NAV €181.84/share; listed holdings rose 21.4% (+€11.39/share) since year-end. Applying DEME multiples to 100%-owned Boskalis suggests €4B uplift (€45/share) vs book. Full value ~€255/share implies shares at €173.60 trade 32% discount. Unlisted businesses incl Boskalis at ~7x EV/EBITA w/ 11% profit growth offer wide margin of safety despite 50% 1yr total return.
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